Qingdao Yangfan middle of bumpy road [General]
Qingdao Yangfan Shipbuilding, which has been in restructuring process since 2016, is still facing bumpy roads to draw its rehabilitation plan. Foreign sources told that its major shareholder, Jianlong Group (78% of shares), recently withdrew r...
2018-05-17 07:10:45
Shinsung Shipping chooses Chinese yard [Shipbuilding]
It is understood that Seoul-based Shinsung Shipping has recently ordered three new ships at a Chinese yard. Sources told that the company has ordered three 2,900-dwt general cargo ships at Dayang Offshore in Jiangsu, China, with delivery in 20...
2018-05-17 07:10:18
'LNG era may benefit Korean industry' [General]
After arguments saying risks in the use of low-sulphur oil would, in turn, make LNG fuel mainstream, another argument came out suggesting Korean industry will benefit from the fuel transition. Park Moo-Hyun, a researcher at Korea's Hana Financ...
2018-05-17 07:09:45
DSME adds three Norwegian VLCCs [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) added multiple VLCCs in its orderbook The company announced on May 16 that it is awarded three VLCCs worth around $260m from Hunter Tankers SA under Hunter Group of Norway. The ships were opt...
2018-05-17 07:09:07
Daehan nets TK duo from Greece [Shipbuilding]
Daehan Shipbuilding turns out to have won two new tankers from Tsakos Energy Navigation (TEN) of Greece.  The LR2/Aframax duo is slated for delivery in October 2019 and January 2020, respectively, a foreign media outlet reported.  ...
2018-05-17 07:08:35
"Restructuring needs to be continued" [Shipbuilding]
Choi Jong-Gu, Chairman at the Financial Services Commission (FSC) of Korea, has recently pointed out that there is a need of devising a win-win strategy for shipbuilding, shipping and financial industries, with restructuring process continued in ...
2018-05-17 07:08:05
BSIC clinches one FPSO [Offshore]
China National Offshore Oil Corporation (CNOOC) turns out to have ordered one new floating production storage and offloading vessel (FPSO) from its compatriot shipbuilder Qingdao Beihai Shipbuilding Heavy Industry (BSIC).  According to fo...
2018-05-17 07:07:35
Rolls-Royce/AXA join forces for safer autonomous ship [Shipping]
Rolls-Royce and AXA Corporate Solutions have signed a Letter of Intent (LOI) to explore ways in which they can combine their respective products, to bring a new offering to the marine market, utilising Rolls-Royce Ship Intelligence systems and eq...
2018-05-16 07:35:01
Silversea cruises orders cruise at Fincantieri [Shipbuilding]
Silversea Cruises has awarded Fincantieri with an order for another ultra-luxury cruise ship, with delivery scheduled for Q4 2021. The contract is valued at over €320 million. Named Silver Dawn, the new vessel will be a sistership of Silvers...
2018-05-16 07:33:59
Angelicoussis Shipping selects Ecochlor BWTS [Equipment]
USA-based ballast water treatment system (BWTS) manufacturer, Ecochlor, Inc. announced on May 13 the completion of a contract to retrofit 36 vessels, including Suezmaxes, Aframaxes, VLCCs, Minicapes and Capes for Angelicoussis Shipping Group Limi...
2018-05-16 07:32:25
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